Hi guys, I want to finance a car. I have a permanent employment contract. But my passport is only valid for another year. So I have someone who can vouch for me. The problem is that the person wants to buy a house in 2-3 months and wants to take out a loan for it. Now my question is, can the person get into trouble even if I pay my monthly installments on time?
The Earned Income Tax Credit (EITC) is a government program designed to provide economic relief to working individuals and families with low or moderate incomes.
This credit can reduce the amount of taxes you owe, and may even result in a significant refund when filing your tax return.
To be eligible for the EITC, you must meet certain criteria related to income, marital status, and number of dependents.
The exact amount of the credit may vary depending on factors such as the number of children, disability status, or whether other specific requirements are met.
It is important to note that members of the military and clergy should consult the special EITC rules.
This is because obtaining this credit could affect other government benefits they receive.
They can also seek help from a professional tax preparer.
What should I consider when claiming the EITC?
You can obtain more detailed information about requirements, maximum credit amounts, and how to apply.
Read also: USA: Meet the bill that can be worth more than $100 (+Characteristics)
It is recommended that you consult the official website of the tax authorities in your country or contact a tax preparer.
With information from the IRS.
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Visit our section: International
#Find #apply #tax #credit
2024-08-01 20:53:57
DISTRIBUTION of credit and financing in the first semester of 2024 was recorded at IDR352.06 trillion. This figure shows the growth of PT Bank Tabungan Negara (Persero) Tbk (BTN) financial performance by 14.4% compared to the same period last year, which was recorded at IDR307.66 trillion.
“Amidst the tough global economic challenges, BTN has managed to show positive performance during the first semester of 2024. We are optimistic that by the end of 2024, BTN will still be able to record good financial performance,” said BTN President Director Nixon LP Napitupulu as quoted from Between, Thursday (25/7).
Nixon added that housing credit and financing still constitute the largest portion of BTN’s total credit in the first semester of 2024, with total distribution reaching IDR299.24 trillion by the end of June 2024.
Within it, Subsidized Mortgages provided the largest contribution, with a value reaching IDR 171.01 trillion, growing 12.4% compared to the same period last year.
Meanwhile, non-subsidized mortgages grew 12% to IDR 101.76 trillion.
“We are committed to maintaining the principle of prudence in providing credit. Our Gross NPL ratio remains at 3.1%. We expect this NPL ratio to drop below 3% before the end of the year,” Nixon added.
Also read: BTN Syariah Profit Reaches IDR 281.21 Billion in Semester I 2023
In terms of third party funds (TPF), BTN managed to increase the amount to IDR 365.4 trillion in the first semester of 2024, up 16.6% compared to the same period last year.
Of this amount, CASA reached IDR189.21 trillion, an increase of around 11.16% compared to the end of June 2023.
BTN’s net profit also increased to IDR1.502 trillion in the first semester of 2024, compared to IDR1.474 trillion in the same period last year.
Also read: Bank bjb Achieves a More Solid and Strong Capital Structure
BTN’s total assets until the end of June 2024 increased by 13.7% to IDR455.60 trillion compared to IDR400.54 trillion in the same period last year.
Along with the growth of conventional business, BTN’s Sharia Business Unit (UUS), or BTN Syariah, also recorded a positive net profit in the first semester of 2024.
BTN Syariah’s net profit jumped 31.7% to Rp370 billion, compared to Rp281 billion in the same period last year.
Also read: Able to Maintain Excellent Financial Performance, Fitch Rating Raises WOM Finance’s Rating to AA
This positive growth is driven by stable business development.
BTN Syariah’s sharia financing was recorded to have grown by around 22% to IDR 41 trillion at the end of June 2024, while the total DPK collected reached IDR 46 trillion, up 32% compared to last year.
With this achievement, BTN Syariah’s assets grew 20% to Rp56 trillion, compared to Rp46 trillion in the same period last year. (Z-10)
#Distributing #Credit #Financing #IDR #Trillion #Housing #Sector #Remains #Large #Portion
“The upgrade from Scope is an international signal for the systematicity and effectiveness of Mitsotakis’ economic policy”, emphasizes in his statement the Deputy Minister of National Economy and Finance, Nikos Papathanasis.
In particular, in his statement he notes: “The new upgrade of the country’s credit rating, this time by Scope Ratings, is yet another international recognition of the results of the systematic and decisive economic policy of the governments of Kyriakos Mitsotakis.
This particular development comes to further strengthen the credibility of the country and the prospects of the Greek economy. An economy with continuously declining public debt, with a reduction in the cost of borrowing for the state and for businesses, with covering the investment gap created by the crisis, with support for entrepreneurship, but above all with the creation of new and better-paid jobs for everyone.
However, we are not complacent. We continue to implement our commitments, we implement our program inexorably, channeling every available euro from European and national resources to accelerate reforms and to transform collective prosperity into individual progress for our fellow citizens.”
#International #recognition #upgrading #Greeces #credit #rating #Scope
